We use the recently-established asymptotic solution (AS) for large fie
lds to study squeezing in the Jaynes-Cummings model. Arbitrary initial
atomic states (including atomic coherence) are considered. We find th
at most features of squeezing can be understood from the properties of
the asymptotic field states, and from the observation, which we estab
lish numerically, that for large fields the interference between the t
wo branches of the wavefunction does not contribute significantly to t
he squeezing (not even near the revival times, when the two field stat
es being superposed have very nearly the same phase). We obtain a limi
t on the time over which the field may show any squeezing and find tha
t it scales as the 3/4 power of the number of photons. We also obtain
a bound on the maximum achievable squeezing for a given number of phot
ons, which is an improvement over earlier estimates. Finally, we discu
ss some of the shortcomings of the AS, and in particular the existence
of a small ghost peak in the field and function for initial condition
s where the AS predicts a single peak, which is enough to destroy the
squeezing for certain times.